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Credit union loans fueled by growth in auto sales, home equity

Total loans from credit unions increased by nearly 18%, driven in part by car dealerships rebuilding their inventory. Headwinds in the mortgage market also fueled interest in home equity loans. ....

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New York credit union signs first contract with organized employees

Genesee Co-op Federal Credit Union in Rochester implemented the labor agreement after more than 14 months of bargaining. ....

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SECU's smaller sibling delays spinoff, citing need for branches

Local Government Federal Credit Union is postponing its separation from State Employees Credit Union, which has shared its technology and footprint for decades, to establish its own physical presence. ....

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Unionized employees of TruStage put strike on hold

Workers at the former CUNA Mutual Group in Madison, Wisconsin, returned to work after securing tentative agreements on two of their five key demands. ....

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How credit unions gained some of the deposits banks lost

U.S. banks lost 2.5% of their deposits during the first quarter while credit unions saw a 2.1% quarterly increase, according to an S&P Global Market Intelligence analysis. Aggressive marketing and credit unions' relatively untarnished reputations helped motivate the shift. ....

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